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Needham 02494
121 Reservoir St
$522,000
● House - Off Market

121 Reservoir St

Needham, MA 02494
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,880 Ft²
$987,878
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Are you looking for a spacious contemporary home, that also offers you a little peace and quiet?  Well this lovely sanctuary may be for you!  This spotless home has a sunny and open floor plan, sweeping vistas, generous all-on-suite bedrooms, and whisper quiet high efficiency gas systems making this a tranquil oasis.   Upscale features, like walk in closets, a conversational granite kitchen island, cathedral ceilings, central air, and the finished parlor/game room are luxuries, but all at a price you can afford.  **Special Feature** if you own an RV, Boat or just in need of a massive work shop, you will be delighted with the 40x22x14 commercial garage.   Built in 1988, this is well built, with 8 rooms, 3 bedrooms, 2+full baths, and a remarkable 'value' in Needham.  Open House Sun 28th. 1-2:30
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$287
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #71742819)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Nov 17, 2014 Sold
Premium
Sold
Sep 12, 2014 Listed by Keller Williams Realty Boston Northwest $539,900
Listed by Keller Williams Realty Boston Northwest
Jun 17, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,476
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 1,520
  • Gross Building Area: 2,996
  • Building Area: 1,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY COURT
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Needham School District
  • School Tax School District: NEEDHAM SD
  • Census Tract: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:081.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: NEEDHAM
  • Latitude: 42.3129
  • Longitude: -71.2301

    Address

  • Full Address: 121 Reservoir St
  • Address - House Number: 121
  • Address - Street Name: Reservoir
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C050
  • 4-Digit Zip Code: 3116
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $806,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 870,989
  • High Value: 1,003,306
  • Low Value: 738,672

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $618,100
  • Assessed Land Value: $335,700
  • Assessed Improvements Value: $282,400

    Sales

  • Current Sale Contract Date: Oct 05, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 66787
  • Previous Sale Recording Date: Nov 17, 2014
  • Previous Sale Amount: $522,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 years

Currently For Sale

66 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71742819

Frequently Asked Questions

When was property at 121 Reservoir Street built and last sold?
The property at 121 Reservoir Street was built in 1988 and last sold on Oct 5, 2023 for $845,000.
How much is this home worth?
The estimated value of the home located at 121 Reservoir Street is $0.
What are some comparable homes to 121 Reservoir Street?
There are currently no comparable homes to 121 Reservoir Street.
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